If you’re a lover of luxury fashion, then it’s highly likely that you’ve heard of the Hermes Birkin. This iconic handbag has been adored by fashion enthusiasts for decades and is considered a true status symbol.
But how much does it actually cost to own a brand new Hermes Birkin? Let’s find out.
What Is a Hermes Birkin?
The Hermes Birkin is a handcrafted leather bag that was first introduced in 1984. It was named after the famous actress and singer Jane Birkin, who was spotted carrying a similar bag on an airplane by Jean-Louis Dumas, the then CEO of Hermes. The bag quickly became popular among celebrities and fashionistas alike and has since become one of the most coveted luxury items in the world.
How Much Does It Cost?
The price of a brand new Hermes Birkin can vary depending on several factors, including the size, material, and hardware used to make the bag. In general, however, you can expect to pay anywhere from $9,000 to over $100,000 for this luxurious accessory.
- For example, a small leather Birkin with silver hardware starts at around $9,000.
- A larger size with exotic leather like crocodile or alligator can cost upwards of $50,000.
- The most expensive Birkin ever sold was made from Himalayan crocodile skin with white gold hardware and encrusted with diamonds. It fetched an eye-watering $380,000 at auction.
Why Are They So Expensive?
There are several reasons why Hermes Birkins are so expensive. Firstly, they’re made from high-quality materials such as calf leather or exotic skins like alligator or crocodile that are sourced from ethical suppliers. The bags are also handcrafted by skilled artisans who spend hours creating each one.
Secondly, Hermes is known for its exclusivity and limited production. The brand deliberately limits the number of bags it produces each year to maintain its reputation as a luxury label. This means that the waiting list for a Birkin can be several years long, which only adds to its allure.
Lastly, the value of a Hermes Birkin tends to appreciate over time. This is because they’re seen as investment pieces that hold their value well. In fact, some collectors have reported that their Birkins have increased in value by as much as 14% per year.
Conclusion
In summary, a brand new Hermes Birkin can cost anywhere from $9,000 to over $100,000 depending on the size, material, and hardware used. While this may seem like an exorbitant amount of money for a handbag, it’s important to remember that the Birkin is more than just a fashion accessory – it’s a symbol of luxury and exclusivity that has stood the test of time.